B.A., International Relations, James Madison College, Michigan State University. J.D., University of Michigan Law School, 1986. Practice concentrated in bankruptcy, commercial law, business law, workouts, real estate and complex situations.
A: We would need to see the trust agreement to determine whether the property reverts to the grantor(s), or whether title vests in the beneficiaries. If the trust is still revocable (because the grantor(s) are alive, the grantors could revoke the trust and own the property as they choose. There is great flexibility in the provisions of trusts, so a review of the trust agreement is key.
A: No. There are no facts tgat yiu have provided that would support the general contractor’s holding onto your equipment. I would want to know more about the situation in order to evaluate the possibility that the general contractor has a justification for its actions.
A: Unless there’s a written contract that provides for your agreement to a price increase or surcharge, you nave a point. Your agreement in some form to a price increase is required. But if you agreed to a long-term arrangement, you owe at least the lower price. I suggest that this be worked out without the involvement of the law,